Gross investment volume in real estate of Russia increased by 85% in HI 2016
Investment volume in Russia is up substantially on a half year-basis, significant part of this growth comes from Q1 2016, RIA Novosti reported with reference to CBRE Group, Inc., commercial real estate services firm.
“The market saw the increase of activity in residential projects or development sites for residential properties (84% of the Q2 investment volume),” states the recent report of CBRE.
“The market increased activity in transactions with residential projects or sites for housing (84% of total investment in the second quarter),” noted in a press release.
SBRE experts expect €4.1 bn of investment deals to be closed in 2016; half of this volume has already been realized in H1 2016.
Investment into Central and Eastern European (CEE) countries (excluding Russia) for H1 2016 registered a substantial increase (59%) compared to same period of last year, reaching almost €5 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015, with all CEE countries expected to perform strongly, note experts of SBRE.
This high investment volume comes from a multitude of regional transactions – over 60% of the total was closed in regional cities, especially in Poland, as well as from a record deal in Poland (the acquisition of 75% shares in the Echo Investments portfolio by Redefine). Also, Slovakia has seen a substantial increase in investment volumes, meaning €338 million for first half year (or 77% of full 2015 investment volume).